Date: Sep 20, 2018

Miner QEM wants to drill for vanadium and shale oil in the Toolebuc Formation at Julia Creek.

 Miner QEM wants to drill for vanadium and shale oil in the Toolebuc Formation at Julia Creek.

Mineral company QEM’s $5 million initial public offer has been over-subscribed as it looks to advance its North West Queensland operations.

QEM is expecting to list month with a market cap of $20 million and it plans to use the newly raised cash to advance exploration at its Julia Creek project where it is targeting vanadium and oil shale prospects.

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